People with high socio-economic status get more value for their properties when faced with foreclosure
Published 17 February 2021 Photo: Brendel at en.wikipedia.org, CC BY-SA 3.0, via Wikimedia Commons High income and education level, and being married are beneficial if you end up unable to pay your mortgages. In a quantitative study published in the Journal of Consumer Policy, doctoral candidate in sociology of law Mikael Lundholm found that “higher socio-economic status is positively correlated w